Saturday, January 28, 2023

US foreign arms sales increase significantly in fiscal 2022 mainly due to military support for Ukraine - | EL Ethos UT News

U.S. foreign arms sales grew significantly in fiscal year 2022, according to data released by the Department of State, which attributed the increase mainly to U.S. military support for Ukraine during the latter's conflict with Russia.

The total value of State Department-authorized government-to-government foreign military sales was 51.9 billion U.S. dollars in fiscal 2022, the 12-month period ending Sept. 30, 2022, up 49.1 percent from the previous fiscal year's 34.8 billion dollars, the data showed.

The so-called direct commercial sales, or sales of weapons and military equipment to foreign governments by U.S. defense contractors, also ticked up in fiscal 2022, increasing 48.6 percent to 153.7 billion dollars, compared to 103.4 billion dollars in fiscal 2021.

At the end of fiscal 2022, 14,445 entities were registered with the Directorate of Defense Trade Controls to conduct defense trade activities, which is a slight increase from fiscal 2021, the department said in a press release dated Wednesday.

The State Department attributed the spike to continuous U.S. provision of military assistance to Ukraine amid the ongoing conflict between Ukraine and Russia, while claiming that "arms transfers and defense trade are important tools of U.S. foreign policy."

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